Baillie Gifford Discloses Passive Stake in Joby Aviation
Ticker: JOBY-WT · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1819848
| Field | Detail |
|---|---|
| Company | Joby Aviation, INC. (JOBY-WT) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Big investor Baillie Gifford just revealed a passive stake in Joby Aviation, signaling institutional confidence.**
AI Summary
Baillie Gifford & Co, a major investment management firm, filed an SC 13G on January 29, 2024, indicating their ownership of Joby Aviation, Inc. (ticker not specified in filing, but implied by context) common stock as of December 29, 2023. This filing signals that Baillie Gifford holds a significant, passive stake in Joby Aviation, which could be seen as a vote of confidence from a large institutional investor. For current or prospective shareholders, this suggests that a reputable firm sees long-term value in Joby Aviation's future.
Why It Matters
This filing shows a major institutional investor, Baillie Gifford & Co, has a significant, passive ownership in Joby Aviation, which can be interpreted as a positive signal for the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor holds a passive stake, which generally reduces perceived risk by showing external validation.
Analyst Insight
A smart investor would view Baillie Gifford's passive stake as a positive signal, potentially indicating long-term institutional confidence in Joby Aviation, and might consider further research into the company's fundamentals.
Key Numbers
- G65163100 — CUSIP Number (identifies Joby Aviation's Common Stock)
Key Players & Entities
- Joby Aviation, Inc. (company) — the subject company whose securities are being reported
- Baillie Gifford & Co (company) — the investment management firm filing the SC 13G
- December 29, 2023 (date) — the date of the event which required the filing
- January 29, 2024 (date) — the date the SC 13G filing was made
Forward-Looking Statements
- Baillie Gifford & Co will maintain its passive stake in Joby Aviation for the foreseeable future. (Baillie Gifford & Co) — medium confidence, target: 2025-01-29
FAQ
What type of filing is this document?
This document is an SC 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'FORM TYPE: SC 13G' and the checked box '[X] Rule 13d-1(b)'.
Who is the subject company of this filing?
The subject company is Joby Aviation, Inc., with a Central Index Key (CIK) of 0001819848, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Joby Aviation, Inc.'.
Who filed this SC 13G?
The SC 13G was filed by BAILLIE GIFFORD & CO, with a Central Index Key (CIK) of 0001088875, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILLIE GIFFORD & CO'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Joby Aviation, Inc. is G65163100, as listed under '(CUSIP Number)' on the Schedule 13G cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding Joby Aviation, Inc. (JOBY-WT).